https://www.cnbc.com/2018/07/05/uber-grab-face-risk-of-fines-merger-being-unwound.html

Singapore's competition watchdog on Thursday proposed fines on Uber and Grab and said they may have to unwind their merger because of "substantially lessened competition" in the market.

Uber sold its Southeast Asia business to ride-hailing rival Grab in March. The move saw the San Francisco-based company acquiring a 27.5 percent stake in Grab and Uber CEO Dara Khosrowshahi joining the firm's board.